Tag: exit

Incofin Investment Management, a leading global emerging markets impact investment fund manager, announces the sale of its remaining stake in Annapurna Microfinance to a consortium of Annapurna shareholders led by Oikocredit and Bamboo Financial Inclusion Fund.

Incofin Investment Management, a leading emerging markets impact investment firm, announces the sale of its remaining equity stake in Fusion Microfinance to Warburg Pincus, bringing an end to a successful eight year partnership. Established in 2010 and headquartered in New Delhi, Fusion focuses on servicing unbanked women living in the rural and semi-urban areas of northern and central India.

Incofin Investment Management (Incofin) Regional Director for East Asia and Impact Manager Dina Pons spoke in a joint panel at The Global Impact Investing Network Forum in Paris on 31 October. The Forum brought together over 1.000 active and inspiring impact investors such as Incofin.

Shareholders in AMK, one of Cambodia’s largest deposit-taking microfinance institutions, have confirmed the sale of 80.01% of the Company’s shares to SCSB. Current shareholders, Rural Impulse Fund II, Proparco, and the Cambodian Laos Development Fund (CLDF) have exited their shareholdings completely, while current majority shareholder, Agora Microfinance has divested part of its shareholding.

Incofin Investment Management is pleased to announce a full exit from Annapurna Finance, India with its Rural Impulse Fund II (RIF II). Together with SIDBI Venture Capital Incofin decided to fully sell a total 12,5 % holding for approximately Rs 90 crore, putting the valuation of India’s eight largest microfinance company at Rs 850 crore.